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| Foreign investment in hi－tech sector encouraged |
| CCTV.COM 2003-07-23 09:07:17 |
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With the newly issued "List of Hi－tech Products for overseas investment" expanded from industry categories to specific products, overseas investors now have more choices of where to put their money.
The new list, jointly issued by the Ministry of Science and Technology and the Ministry of Commerce, covers 917 products in 11 categories. Of these, 712 are hi－tech products, and some 200 are technologies or equipment badly needed by China in fields such as electronic information and nuclear energy. All of these selected technologies will play an important role in narrowing the technology gap with many developed countries.
Shen Maoxiang from Ministry of Science and Technology said, "This list will greatly help overseas investors look for products of interest. In this way, their investment in China will be more market－oriented and efficient."
China has been encouraging overseas investors to put their money in the country's hi－tech sector. In 2002, use of foreign investment in 53 national hi－tech zones made up 11.2 percent of the country's total.
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Editor: Yang Feiyang CCTV.com
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